suspensión de pagos
suspension of payments
The Spanish term 'suspensión de pagos' directly translates to 'suspension of payments' in English. This term is commonly used in finance or business contexts to refer to the action of temporarily stopping the transactions or financial obligations, often because the debtor is unable to fulfill their payment commitments. It's equivalent to insolvency or bankruptcy in some jurisdictions.
Example sentences using: suspensión de pagos
La empresa se declaró en suspensión de pagos debido a su insolvencia.
The company declared a payment default due to their insolvency.
The phrase 'suspensión de pagos' means the business unable to pay its debts has been formally declared bankrupt. This sentence refers to a generic company stating its inability to pay, due to insolvency.
El gobierno intervino en la compañía para evitar la suspensión de pagos.
The government intervened in the company to prevent the payment suspension.
The phrase 'suspensión de pagos' refers to a legal status when a business is unable to pay its debts. This sentence refers to government intervention trying to prevent a business from falling into 'suspension of payments', thus avoiding bankruptcy.
Fue una situación difícil después de la suspensión de pagos de nuestra empresa.
It was a difficult situation after our company's payment suspension.
'Suspensión de pagos' refers to a situation where a company is unable to meet its financial obligations. This sentence depicts a challenging post-bankruptcy scenario where a business is unable to pay due debts.